haho.ca
$1,938,000
For sale

1501 Muskoka Road 169, Gravenhurst (Wood (Gravenhurst)) - Business for Sale

1501 Muskoka Road 169, Gravenhurst (Wood (Gravenhurst)), Ontario, P1P1R2

10 bathsListed 104 days ago
Overview

This business in Gravenhurst is for sale.

Description

Pine Grove Cottages presents a unique opportunity to acquire an established waterfront commercial property offering approximately 460 feet of west-facing shoreline on Pine Lake, eight fully self-contained guest cottages and an owner's residence, all just minutes from Gravenhurst. Set on approximately 1.68 acres, the property features a sand beach, natural rock outcroppings, beautiful southwest exposure and convenient year-round access from Muskoka Road 169. The eight guest cottages are positioned throughout the property, many enjoying views over the lake. All buildings are in various states of repair and the property is being offered with the expectation that a new owner will undertake updating and improvements. Zoned Commercial Waterfront (CW-8) with site-specific provisions recognizing the existing buildings and uses, the property provides an established framework for continued commercial waterfront use. With substantial shoreline, an existing accommodation business, excellent access and close proximity to Gravenhurst, Pine Grove Cottages offers significant upside for an energetic new owner with the vision and resources to revitalize the property and capitalize on an increasingly difficult-to-find Muskoka waterfront commercial opportunity. (id:66096)

Property Details

MLS®
X13603170
Property Type
Business
Business Type
Accommodation
Zoning
CW-8
Bathrooms
10
Lot Size
1.68 acres
Frontage
460 ft
Heating
Baseboard heaters
Cooling
None
Waterfront
Yes
Property Tax
$12,607/yr
Listed
104 days ago

Market Timing

Days on market
104d
Gravenhurst (Wood (Gravenhurst)) listings, avg age
95d
List price
$1.94M

Long Listed: 104 days on market, against an average age of 95 days across the listings currently for sale in this city

Homes here sell below asking price

Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This business in Gravenhurst (Wood (Gravenhurst)) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by Re/Max Professionals North · BRIAN GUERRIERO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $1,938,000, about 26.7× the local median household income of $72,500.

Carrying it typically needs a household income of about $378,559 (20% down, 25-yr amortization, stress-tested) — roughly 422% above the area median.

Median household income
$72,500
Population
11,083
Median age
54
Owner / renter
76% / 24%
Avg. household size
2.2

Source: Statistics Canada, 2021 Census (FSA P1P)

$1,938,000
For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

By requesting this showing you agree that haho.ca and the local agent who follows up may contact you about this and similar properties. Unsubscribe from any message.

Your details go only to the agent who follows up. No spam, unsubscribe anytime.

Financing

Buying this business?

Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.

Ask about acquisition financing →

No similar listings for sale right now.

$1,938,000

Gravenhurst

Book a showing